You've been right the whole way up. And maybe the market continues to power higher. But when I see a lot of smallcap junk stocks going across the bottom of my CNBC screen...stocks up BIG on no news at all...the market feels toppy to me. I would never do something as foolish as wade and go 100% short. But having a 5-10% short hedge makes sense to me. Offset with a much greater % of stocks long. And plenty of cash as there's just not much to buy that hasn't already run a ton.